JCP "Long"
Updated
Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price!
JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a bullish short term sentiment making it pump big :)
I think this is a great opportunity and should just set a stop loss at .20 to .21
JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a bullish short term sentiment making it pump big :)
I think this is a great opportunity and should just set a stop loss at .20 to .21
Trade active
keeping eyes on this, risky but reward is too good to ignore :)Just need some good news hopefully or some FOMO
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